South Korea mulls covering inter-Korean trade losses

According to Yonhap:

South Korea is considering providing about 100 billion won (US$84 million) of rescue funds to hundreds of its companies hamstrung by a ban on cross-border trade with North Korea, a senior government official said Wednesday.

The ban has been in effect since a month ago after South Korea concluded from a multinational investigation that North Korea was to blame for the deadly March 26 sinking of its Cheonan warship.

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S. Korea mulling huge rescue funds for troubled inter-Korean trade firms
Sam Kim


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